Rainbow Rare Earths Limited Director/PDMR Shareholding (8084E)
01 Noviembre 2022 - 1:00AM
UK Regulatory
TIDMRBW
RNS Number : 8084E
Rainbow Rare Earths Limited
01 November 2022
1 November 2022
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Director/PDMR Shareholding
Rainbow Rare Earths Ltd announces that George Bennett, a
Director and Person Discharging Managerial Responsibility ('PDMR')
of the Company, has purchased 435,000 ordinary shares of the
Company.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name George Bennett
------------------------------ ----------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------ ----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
------------------------------ ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Rainbow Rare Earths Limited
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b) LEI 213800HONYSAXTG6KS11
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Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
GG00BD59ZW98
Identification code
------------------------------ ----------------------------------------------
b) Nature of the transaction Purchase of ordinary shares of no par
value by Pipestone Capital Ltd, beneficially
owned by George Bennett.
------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.099 435,000
----------
------------------------------ ----------------------------------------------
d) Aggregated information
N/A - single transaction
* Aggregated volume
* Price
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e) Date of the transaction 31 October 2022
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f) Place of the transaction London Stock Exchange
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**ENDS**
For further information, please contact:
Rainbow Rare Earths George Bennett
Ltd Company Pete Gardner +27 82 652 8526
SP Angel Corporate Ewan Leggat
Finance LLP Broker Charlie Bouverat +44 (0) 20 3470 0470
Matthew Armitt
Berenberg Broker Jennifer Lee +44 (0) 20 3207 7800
Tavistock Communications PR/IR Charles Vivian +44 (0) 20 7920 3150
Tara Vivian-Neal rainbowrareearths@tavistock.co.uk
Notes to Editors:
Rainbow's strategy is to identify near-term, secondary rare
earths production opportunities. Meeting escalating demand for
critical minerals needed for global decarbonisation, we are focused
on producing the magnet rare earth metals neodymium and
praseodymium ("NdPr"), dysprosium and terbium. With our strong
operating experience, proven project development experience, unique
intellectual property and diversified portfolio, Rainbow will
develop a responsible rare earths supply chain to drive the green
energy transition.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 30.7Mt at 0.43%
TREO contained within unconsolidated gypsum stacks derived from
historic phosphate hard rock mining. High value NdPr oxide
represents 29.1% of the total contained rare earth oxides, with
economic Dysprosium and Terbium oxide credits enhancing the overall
value of the rare earth basket in the stacks. The rare earths are
contained in chemical form in the gypsum stacks, which allows
high-value separated rare earth oxides to be produced in a single
processing plant at site with lower operating costs than a typical
rare earth mineral project.
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END
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November 01, 2022 03:00 ET (07:00 GMT)
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